Day: November 13, 2023

Analyst Predicts 8800% Ascent to $35 Cardano (ADA), Here’s When

Crypto analyst Fiery Trading has revealed a very bullish outlook for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35. Crypto Analyst Predicts 8800% Climb To $35 For ADA Fiery Trading’s latest Cardano (ADA) prediction right be one of the most bullish for the digital asset this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst’s…

XRP jumps then dumps on faked BlackRock XRP trust filing

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A BlackRock filing suggesting the asset manager was creating an XRP (XRP) exchange-traded product caused a 12% spike in XRP, which it quickly lost after the filing was confirmed as fake. The saga lasted an hour late on Nov. 14 as X (Twitter) users picked up on a Delaware filing showing BlackRock filed to register the “iShares XRP Trust” — a precursor to launching an exchange-traded fund (ETF). XRP gained 12%, spiking to $0.73 within 30 minutes of the news of the filing. However, it lost all its gains in…

Fake BlackRock XRP Filing Weighs on Altcoins as SOL, AVAX, LINK Decline 8%-12%; Bitcoin (BTC) Slumps 2%

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An already lower crypto market was shaken up further by the fake news. SOL, which was a leader of the altcoin rally by more than doubling in price in a month, tumbled to an 8% loss over the past 24 hours. LINK and AVAX plunged more than 10% and 13%, respectively. Cardano’s (ADA), Polkadot’s (DOT) and dogecoin (DOGE) were each lower by 5%-7%. Original

Aave V2 Operational, Will Bulls Break The 15-Month Resistance At $110?

All Aave v2 markets are now operational, the team behind the non-custodial liquidity protocol announced in a November 13 post on X. This a day after v3 markets were unfrozen following the approval from the community. Aave is a platform where users can supply liquidity in exchange for rewards while borrowers are free to take loans while paying interest in a trustless environment. Aave v2 Markets Unfrozen, Security Is “Non-Negotiable” In the post, Aave said the security of the decentralized finance (DeFi) protocol remains a “priority and is non-negotiable for the…

First deadline window looms for SEC to approve Bitcoin ETFs: Law Decoded

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The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product. However, even if the SEC approves spot Bitcoin (BTC) ETFs by Nov. 17, it could be more than a month before the products launch. The expected delay in launch following SEC approval would be due to the two-step process of…

Evaluating performance of crypto traders: key metrics to watch

In crypto trading, success isn’t measured solely by profits but also by a trader’s ability to navigate complex and volatile markets. Evaluating crypto traders’ performance is crucial for novice and experienced investors looking to understand the strengths and weaknesses of their trading strategies. To achieve this, bitcoin billionaire has several metrics come into play, providing insights into a trader’s effectiveness and profitability.  Rate-of-return (RoR) and profitability: The primary objective of crypto trading is to generate profits. The rate-of-return (RoR) is a fundamental metric for assessing a trader’s performance in achieving this goal.…

APEC finance ministers to share perspectives on crypto at meeting in San Francisco

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The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15. But with the focus of the organization being on the regional economy, the finance ministers’ meeting is also of primary importance. U.S. Treasury Secretary Janet Yellen said in her opening speech at the finance ministers’ meeting on Nov. 13 that they will discuss “priority areas [that] are oriented toward the…

Why is Solana (SOL) price down today?

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Solana’s native token, SOL (SOL), experienced a remarkable 58.6% surge in just five days, reaching a $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment. To put SOL’s performance into context, it can be compared with other leading altcoins. Since its peak on Nov. 11, Avalanche’s AVAX (AVAX) has rallied by 17%, Ether (ETH) gained 1%, and BNB (BNB) traded down 2%. This comparison underscores that SOL…